“Punitive Tariffs Against Mexico, Canada and China Could Go Into Effect on Tuesday.”, – WRITE: www.coindesk.com
The Crypto Fear & Greed Index Overnight Dipped to 10 – A Level Not Seen Since the DEPTHS OF The 2022 Bear Market – But Has ALSO BUNCED, NOW residing at 16. that’s still in ” 55 (in the “greed” Range). Levels Above 75 Are Consider “Extreme Greed” and The Index Hasn’n Been There Since AROUND OF THE TIME OF TRUMP INAUGUGration.
Even with the Friday Gain, Bitcoin is Lower by More than 1% from 24 hours ago and the Broader Coindesk 20 Index is Down Roughly 2%.
Alone in the Green Among The Majoor Cryptos Is Solana (Sol), Ahead 5% As The CME Announced Plans to Add Sol Futures to ITS Crypto Patform on March 17. Sol, RemAINS, REMEINS OTHCH, REMEVEVERL. Beneath the Levels It Was at Prior to the November Election Victory of Donald Trump.
Weekend LoomsAll major Stock Markets, of Course, Are Closed On the Weekends. Even Foreign Exchange, Touted for Decades As A Market that Never Sleepps, Actual Shuts Down Between Friday and Sunday Evenings. Crypto, However, Has No Such Break, But Traders Could Be Forgiven for Classing For One.
Standard Chartered’s Geoff Kendrick A Couple of Weeks Ago Pointed Out Weekends have not be Kind for Bitcoin of Late. While Last Weekend Was Very Modestly Positive for the World’s Largest Crypto, The Trend Prior To that for Had Been Lower Prices, Onthen Sharply So.
“Are Risk Assets Really Going to Rally Into [this] Weekend Now We Have Had The Bad News, “Asked Kendrick in a Note Friday Morning. His Answer is Likely Thaty Won.
A Contrararian take is that just might. After all, macro risk – at least as defined by President Trump’s Belligrent Tariff Stance – Could Be Fully Priced In. He’s Promised that 25% Tariffs Will Begin for Mexico and Canada and 10% for China this coming tuesday. How Might Things Get Worsese Than That? Will He Bump Them to 50%?
Insthead, with Prices Having Fallen So Far (Stock Markets Stumbled As Well This Week), It Might Bears Who Are In The Riskiest Spot Over 48+ Hours if – Forstance – AAli Aver Tariffs Were to be Reached.
Buckle up.
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